Because SLUSA applied to class action
lawsuits "in connection with the purchase or sale" of securities, some courts concluded that so-called "holder" lawsuits could proceed in state court.
It can be argued that it is not technically necessary to file refund claims given the filing of the class action
complaint and the intransigence of the IRS with respect to such claims.
Sinyard: In Sinyard, the Ninth Circuit agreed with the Tax Court's determination that contingent attorneys' fees recovered by a plaintiff in an opt-in class action
were includible in the plaintiff's gross income.
A report released in June 2002 by the Manhattan Institute revealed that class action
litigation has become a blight on the reputations and economic outlooks of Madison County and Illinois:
Proposed tort reform legislation, supported by the Bush administration, would amend current law to permit any defendant to transfer a large, multistate class action
from a state court to federal court when I) at least one plaintiff and one defendant are from different states and 2) the total amount in controversy is at least $2 million.
Thirty-eight percent of companies designate a single individual as accountable for all class action
In what has been called the first wave of vanishing-premium litigation, the largest life insurers have faced purported nationwide class actions
in federal court.
When attorneys file a class action
, they find the tactic is very effective.
Prior to joining the firm, Stano was a partner with Jorden Burt LLP, where he concentrated on complex class action
, market conduct, financial services litigation and government relations.
have become the equivalent of pointing a loaded gun at a chief executive officer's head.
Zacharias' discussion of securities class action
litigation and directors and officers risk management issues, please visit www.
The number of securities fraud class actions
filed in 2006 was the lowest ever recorded in a calendar year since the adoption of the Public Securities Litigation Reform Act (PSLRA) of 1995, notes the Securities Class Action
Filings 2006 Year in Review report released today by the Stanford Law School Securities Class Action
Clearinghouse, a joint project between Stanford Law School and Cornerstone Research.